Overview
What is Columbia Yacht Club?
Columbia Yacht Club, situated in Chicago, Illinois, serves as a hub for yachting enthusiasts. Its primary objective is to provide a conducive environment for its members, offering amenities such as dining facilities, bars, banquet rooms, boat dockage, locker rooms, and equipment storage. The club caters to a diverse membership, ranging from junior sailors to honorary life members. Approximately one-third of the membership owns a boat, either sail or power, but all members enjoy water activities and social events held within the club each month. The club is open from February to December, with increased activity during the "in-season" period from May to October. Its mission is to promote yachting, navigate, and yacht design, while maintaining a suitable club quarters for its members' entertainment and convenience. As of December 31, 2022, the club had 780 members, marking a net decrease of 71 members from the previous year.
Official website here: www.columbiayachtclub.org
Is Columbia Yacht Club legitimate?
Columbia Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Columbia Yacht Club submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $235,299
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,519,546
For more financial information, click here
Official website here: www.columbiayachtclub.org
What is the mission statement of Columbia Yacht Club?
The Columbia Yacht Club is dedicated to fostering the sport of yachting and enhancing the knowledge of seamanship, navigation, and yacht design. Its mission also includes providing suitable club quarters for the entertainment and convenience of its members. The club serves as a hub for yachting enthusiasts, offering amenities such as dining facilities, a bar, banquet rooms, boat dockage, locker rooms, and equipment storage. As of December 31, 2022, the club had 780 members, with a diverse age range from junior sailors to honorary life members. Approximately one-third of the membership owns a boat, either sail or power, while the rest enjoys water activities and participates in the numerous social events held within the club each month. The club is active from February to December, with the majority of members being engaged during the "in-season" period from May to October.
Official website here: www.columbiayachtclub.org
What is the revenue of Columbia Yacht Club?
Columbia Yacht Club's revenue in 2023 was $3,931,482.
Official website here: www.columbiayachtclub.org
Who are the executives of Columbia Yacht Club and what are their salaries?
The average compensation at Columbia Yacht Club during 2023 was $20,891. There are 84 employees and 65 volunteers at Columbia Yacht Club.
Here are 18 key members and their salaries:
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Official website here: www.columbiayachtclub.org
Where can I find the form 990 for Columbia Yacht Club?
Columbia Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.columbiayachtclub.org
Learn more at the official website: www.columbiayachtclub.org
Mission Statement of Columbia Yacht Club
Columbia Yacht Club, a renowned organization, is committed to promoting the art of yachting and advancing the sciences of seamanship, navigation, and yacht design. Its primary goal is to provide a conducive environment for its members, catering to their entertainment, convenience, and continuing education as yachting enthusiasts. The club offers a variety of facilities such as dining areas, bars, banquet rooms, boat dockage, locker rooms, and equipment storage, ensuring that its members have all they need for a fulfilling yachting experience.
The mission of Columbia Yacht Club extends beyond its physical facilities. It is dedicated to fostering the love for yachting and encouraging the development of essential seafaring skills among its members. The club's membership spans various age groups, from junior sailors to honorary life members, each contributing to the vibrant yachting community within the club. A significant portion of the membership owns either sail or power boats, but all members share a common passion for water activities and participate in the numerous social events organized by the club every month.
During the in-season period from May to October, the majority of the membership becomes actively involved in the club, engaging in a wide range of water activities. Columbia Yacht Club is open throughout the year, from Tuesday to Sunday, providing its members with ample opportunities to enjoy their shared passion for yachting. The club keeps its members informed about upcoming events through signage, emails, and social media, ensuring that they remain engaged and connected to the club community.
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Impact
October, 2024
Columbia Yacht Club plays a vital role in promoting the sport of yachting and fostering community among sailing enthusiasts in Chicago. With a membership of 780, the club offers a variety of facilities including dining, bar, banquet rooms, and boat dockage, creating a welcoming environment for both seasoned sailors and newcomers. By maintaining a space for education in seamanship, navigation, and yacht design, it enhances the skills and knowledge of its members.
The club operates from February through December, with peak activity occurring from May to October when members engage in on-water activities and numerous social events. Events and opportunities for members are communicated through various channels, ensuring continued engagement and participation. Approximately one-third of its members own boats, which emphasizes the club as a hub for recreational and social gatherings centered around water activities.
The club serves a diverse age range, from junior sailors to honorary life members, fostering a rich intergenerational community that shares a passion for yachting. Despite a slight decline in membership over the past year, Columbia Yacht Club continues to be a focal point for yachting culture in the region, contributing significantly to the local maritime community and the enjoyment of recreational boating in Chicago.
This information is meant to be a general summary of Columbia Yacht Club. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $39,096
- Program Service Revenue: $2,317,347
- Gross Receipts: $4,622,019
Assets and Liabilities:
- Total Assets: $5,041,681
- Total Liabilities: $1,896,612
- Net Assets: $3,145,069
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIPS DUES/ASSESSMENTS
Revenue
$1,935,516
SAILING AND RACING
Revenue
$146,819
PARKING PERMIT
Revenue
$81,511
ROOM RENTAL
Revenue
$80,493
OTHER
Revenue
$73,008
Organization Details
Founding Year
1965
Principal Officer
Lisa Desantis
Website
www.columbiayachtclub.orgNTEE Category
Code: N50 - Recreation
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